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#1649837 - 01/12/12 01:30 PM Right to receive a copy of the appraisal
Soccer Offline
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Posts: 1,028
Utopia
I do not read Reg B to require two copies of the appraisal being required to be given to the borrower(s). Can anyone tell me if that is a requirement and if so where I can find it.
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General Discussion
#1649918 - 01/12/12 02:38 PM Re: Right to receive a copy of the appraisal Soccer
Rocky P Online
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Florida
Information can be found in Reg B - 202.14. Nothing is mentioned about 2 copies.

Regulation
http://www.bankersonline.com/regs/202/202-14.html

Commentary
http://www.bankersonline.com/regs/202/s202-14.html
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#1649995 - 01/12/12 03:17 PM Re: Right to receive a copy of the appraisal Soccer
A_G Offline
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Who is telling you this is required?

Ask them to inform you of his or her cite!
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#1650231 - 01/12/12 06:00 PM Re: Right to receive a copy of the appraisal Soccer
Soccer Offline
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Outside consultant that reviewed our policies!
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#1650235 - 01/12/12 06:04 PM Re: Right to receive a copy of the appraisal Soccer
Always In Training Offline
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Where the Green Grass Grows
Is it in your policy to give 2 copies ?

Is it state law that they receive a copy of anything the bank requires them to sign? (It is in my state for 1 type of loan, and our forms provider has a place for the borrower to sign acknowledging receipt.)

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#1650267 - 01/12/12 06:42 PM Re: Right to receive a copy of the appraisal Soccer
Soccer Offline
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Utopia
Not in policy and I don't see it in state law.
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#1651175 - 01/13/12 09:54 PM Re: Right to receive a copy of the appraisal Soccer
Andy_Z Offline
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Time to go back and ask the source for a cite.

It is similar to someone saying "tell me where it says I can't do this" and the correct response is "tell me where it says you can."
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